DeFi hacks and flat TVL sour institutional appetite

JPMorgan says repeated DeFi hacks, a $20B TVL drop after Kelp’s rsETH exploit, and flat ETH‑denominated TVL are souring institutional appetite for onchain lending and yield. Summary JPMorgan says repeated DeFi exploits and flat ETH-denominated TVL are curbing institutional interest. A recent rsETH bridge exploit tied to Kelp DAO wiped roughly $20 billion from DeFi…

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